Related Summaries

Strategic Hotels & Resorts has announced the acquisition of Arizona's Four Seasons Resort Scottsdale at Troon North, in a $140 million deal that values each of the 210 rooms at $666,000. Walton Street Capital was the seller, and the purchase includes 13.8 acres zoned to accommodate up to 88 hotel rooms and potential for residential development.

Port Columbus International Airport in Columbus, Ohio, plans to build a new south runway. The Federal Aviation Administration contributed almost 66% of the project's $140 million cost. The airport will hold a commissioning ceremony on Thursday for the runway.

Harrah's Entertainment has purchased $140 million in debt tied to the struggling Planet Hollywood Resort & Casino in Las Vegas. The purchase was made last week, a day before the casino defaulted on its $860 million mortgage, and the acquisition gives Harrah's a say in discussions concerning the restructuring of Planet Hollywood's mortgage.